MIS 301 Midterm Exam Questions with
Guaranteed Pass Solutions 2026-2027
Updated.
What is the principle that the speed and capability of computers can be expected to double
every 18 months, as a result of increases in the number of transistors a microchip can contain?
A. President Biden's Law
B. Professor Robertson's Law
C. Moore's Law
D. Bevo's Law - Answer C. Moore's Law
You can buy a fridge that can tell you when you're running low on milk, or a coffee maker that
you can talk to from an app on your phone. This is an example of what concept?
A. Internet of Things (IoT)
B. Relational Database
C. Deep Learning
D. Porter's 5 Forces - Answer A. Internet of Things (IoT)
Advances in information technology have impacted which of the following job functions?
A. HR
B. Accounting
C. Finance
D. Marketing
E. Supply Chain
F. All of the job functions listed here have been impacted - Answer F. All of the job functions
listed here have been impacted
What is the term for the set of interrelated activities that bring products or services to market?
A. Value Chain
B. Porter's 5 Forces
C. Network Externalities
D. Brand - Answer A. Value Chain
Which of the following is NOT a component of Porter's 5 Forces Model?
A. Threat of New Entrants
, B. Bargaining Power of Buyers
C. Threat of Substitutes
D. Threat of Government Regulation - Answer D. Threat of Government Regulation
What is the term for the symbolic embodiment of all the information connected with a product
or service?
A. Porter's 5 Forces
B. Brand
C. Value Chain
D. Network Externalities - Answer B. Brand
Apple's iTunes platform is the #1 retailer of music and works directly with record labels (i.e.
Suppliers) to license and sell music over their platform. In this example, the bargaining power of
Suppliers (i.e. Record Labels) is ________ compared to Apples'.
A. What?
B. High
C. The Same
D. Low - Answer D. Low
What is Fast Fashion?
A. Clothing that makes you run really fast
B. Ability to replicate high-fashion designs, mass produce clothing, and make clothes available
to consumers quickly
C. A company that makes athleisure gear owned by Inditex - Answer B. Ability to replicate
high-fashion designs, mass produce clothing, and make clothes available to consumers quickly
What is the term that describes when a single firm owns several layers in its value chain?
A. Vertical Integration
B. Horizontal Integration
C. Supply Chain Management
D. Operational Efficiency - Answer A. Vertical Integration
The ________ is the part of the computer that executes the instructions of a computer
program.
A. software
B. microprocessor
C. flash memory
Guaranteed Pass Solutions 2026-2027
Updated.
What is the principle that the speed and capability of computers can be expected to double
every 18 months, as a result of increases in the number of transistors a microchip can contain?
A. President Biden's Law
B. Professor Robertson's Law
C. Moore's Law
D. Bevo's Law - Answer C. Moore's Law
You can buy a fridge that can tell you when you're running low on milk, or a coffee maker that
you can talk to from an app on your phone. This is an example of what concept?
A. Internet of Things (IoT)
B. Relational Database
C. Deep Learning
D. Porter's 5 Forces - Answer A. Internet of Things (IoT)
Advances in information technology have impacted which of the following job functions?
A. HR
B. Accounting
C. Finance
D. Marketing
E. Supply Chain
F. All of the job functions listed here have been impacted - Answer F. All of the job functions
listed here have been impacted
What is the term for the set of interrelated activities that bring products or services to market?
A. Value Chain
B. Porter's 5 Forces
C. Network Externalities
D. Brand - Answer A. Value Chain
Which of the following is NOT a component of Porter's 5 Forces Model?
A. Threat of New Entrants
, B. Bargaining Power of Buyers
C. Threat of Substitutes
D. Threat of Government Regulation - Answer D. Threat of Government Regulation
What is the term for the symbolic embodiment of all the information connected with a product
or service?
A. Porter's 5 Forces
B. Brand
C. Value Chain
D. Network Externalities - Answer B. Brand
Apple's iTunes platform is the #1 retailer of music and works directly with record labels (i.e.
Suppliers) to license and sell music over their platform. In this example, the bargaining power of
Suppliers (i.e. Record Labels) is ________ compared to Apples'.
A. What?
B. High
C. The Same
D. Low - Answer D. Low
What is Fast Fashion?
A. Clothing that makes you run really fast
B. Ability to replicate high-fashion designs, mass produce clothing, and make clothes available
to consumers quickly
C. A company that makes athleisure gear owned by Inditex - Answer B. Ability to replicate
high-fashion designs, mass produce clothing, and make clothes available to consumers quickly
What is the term that describes when a single firm owns several layers in its value chain?
A. Vertical Integration
B. Horizontal Integration
C. Supply Chain Management
D. Operational Efficiency - Answer A. Vertical Integration
The ________ is the part of the computer that executes the instructions of a computer
program.
A. software
B. microprocessor
C. flash memory
